RBNZ Brash cut transparency to save credibility

Reserve Bank of New Zealand governor Don Brash said in an interview with Dow Jones Newswires on Wednesday that he decided to reduce the amount of information contained in his bank's quarterly monetary policy statements to help safeguard the credibility of the institution, particularly in the eyes of the New Zealand general public.

Brash said that the past practice of publishing the central bank's precise forecasts for on-quarter growth in gross domestic product in the near term, for example

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account